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Mathematical Market Model
Lets Firm Squeeze Out Subjectivity

By

Greg Ip Staff Reporter of The Wall Street Journal

Updated Dec. 16, 1997 12:01 a.m. ET

RADNOR, Pa. -- If you want to win in the stock market, you can take the usual route: Pore over companies' financial statements, study their management, consult some leading securities analysts, then call up and place an order with your broker, and wait.

Or you could forget about annual reports and company management and instead get a Ph.D. in...